Positive trading dominated the movements of the Dow Jones Industrial Average on Wall Street, surpassing the first target required to be achieved in the previous analysis, 33,615, to record a high of 33,690.
Technically, Stochastic continues to be concentrated around overbought areas, coinciding with the RSI indicator continuing to defend the upside.
From here, stability of trading above 33,410, the upward trend is likely today, targeting 33,720 first targets, and then 33,860 next stations, with targets may extend later towards 34,030.
Trading below 33,410 delays the bullish chances, and we may witness a temporary bearish bias targeting 33,270 before resuming the rally again.
S1: 33410 | R1: 33720 |
S2: 33240 | R2: 33860 |
S3: 33095 | R3: 34030 |